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Tim’s board of directors examined the offer received from the Ministry of Economy and Finance for the purchase of Sparkle and «having deemed it unsatisfactory, it mandated the CEO, Pietro Labriola, to negotiate a different option with the MEF , with possible adjustments to the contractual conditions, on the assumption that Tim maintains a stake in the company for a specific period of time and supports the implementation of the strategic plan”.
The renewal of the board
The board, adds the note, also continued its activities in view of the presentation of a majority list for the renewal of the board, which will take place at the meeting called to approve the 2023 budget. As required by the procedure approved last January 18 , the president gave feedback on the preliminary engagement activities with the main shareholders, institutional investors and proxy advisors, and presented the proposal relating to the candidate selection criteria which was unanimously approved by the board of directors.